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The Returns of US Capital Market in the First Days of Purchase Transactions Associated to the Halloween Strategies

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  • Razvan Stefanescu

    (Dunarea de Jos University of Galati, Romania)

  • Ramona Dumitriu

    (Dunarea de Jos University of Galati, Romania)

Abstract

The acquisitions of stocks implied by the Halloween Strategy could cause abnormal high returns in the first part of November. This paper approaches the behavior of the returns from United States capital markets in two time intervals: the first one from 1st to 9th November and second one from 4th to 8th November. Our investigation uses four maor indexes and it covers three periods: January 1995 - December 2006, January 2007 - December 2015 and January 2016 - December 2024. We found abnormal high returns in the two time intervals for the first and third periods.

Suggested Citation

  • Razvan Stefanescu & Ramona Dumitriu, 2025. "The Returns of US Capital Market in the First Days of Purchase Transactions Associated to the Halloween Strategies," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 265-272.
    • Handle: RePEc:ddj:fseeai:y:2025:i:2:p:265-272
    DOI: https://doi.org/10.35219/eai15840409536
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